TRX Gold Ord Shs T.TRX

Alternate Symbol(s): TRX

Metals & Mining Gold

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.

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TRX Gold Ord Shs > At 5500 oz we should be at

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Post by GoldenArmon Apr 11, 2023 1:03pm

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Post# 35388767

At 5500 oz we should be at

This is a rough approximation but at 5500 oz we should be at $0.80/shr given a multiple of 40. However this number is based on gross income but it is close given Barrick get a 80 multiple.

If they double production we could be at 1.60/shr. Once they can reach 120,000oz per year we could see $10 to $15 per share.

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